This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. It focuses specifically on the policy regimes at the epicentre of the crisis: micro- and macro-prudential policy with chapters exploring the revolution in the conduct of macroeconomic policy in the period since the financial crisis. The author shows that throughout this period policymakers have had to balance two conflicting objectives – to repair balance sheets in the banking and public sectors whilst simultaneously trying to catalyse an economic recovery – and that has required them to innovate new tools and even new policy regimes in response. This book goes behind the jargon and explains what exactly policymakers at the Bank of England, the Treasury and beyond did and why, from QE to austerity to Basel III.
Macroeconomic Policy after the Crash. Issues in Microprudential and Macroprudential Policy
ISBN: 9783319404622
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Fecha de edición | 03/03/2017 |
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Número de Edición |
1 |
Idioma | |
Formato | |
Páginas |
440 |
Lugar de edición | |
Encuadernación |
Introduction
Barwell, Richard
PART I MICROPRUDENTIAL POLICY
The Causes of the Crash
Barwell, Richard
The Crisis Response
Barwell, Richard
Global Reform
Barwell, Richard
Local Reform
Barwell, Richard
The Wider Prudential Policy Agenda
Barwell, Richard
PART II MACRODUDENTIAL POLICY
The Macroprudential Agenda
Barwell, Richard
Turf Wars: The Relationship Between Macroprudential Policy and Other Policy Regimes
Barwell, Richard
The Conventional Instruments of Macroprudential Policy
Barwell, Richard
Unconventional Macroprudential Instruments
Barwell, Richard
MP-UK: Macroprudential Policy in Action in the UK
Barwell, Richard
Macroprudential Policy and the UK Housing Market
Barwell, Richard
Afterword
Refereces
Index
Richard Barwell is an economist at BNP Paribas Investment Partners in London. Prior to that, he worked at the Royal Bank of Scotland (RBS), having earlier spent almost a decade at the Bank of England, working on issues of monetary and financial stability. He has a PhD from the London School of Economics, UK